Yocoin (YOC): How Does the Chart Look Wednesday?

Wednesday, October 26, 2022 02:56 PM | InvestorsObserver Analysts

Yocoin receives a strong short-term technical ranking of 94 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. YOC has a superior recent technical analysis than 94% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Yocoin a 94 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Yocoin!

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Trading Analysis

Yocoin is $0.000094 (212.62%) above its 30-day low of $0.000043999 while -$0.000072 (-34.29%) below its 30-day high of $0.00020932. In addition, YOC's current price of $0.000137552 is above its 30-day moving average price of $0.000116526, leading to a strong short-term technical score. Overall the recent trading history of Yocoin suggest that investors are bullish on the coin at the moment. YOC has a low market cap compared to the majority of coins with a total market value of $50,847.50. Yocoin's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Yocoin's average volume is low as $620.13 worth of the coin is typically traded over a 24 hour period. YOC's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours YOC's volume is below its average with $81.84 exchanged.

Summary

YOC's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on Yocoin (YOC).